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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (345)6/9/1999 6:28:00 AM
From: Jim   of 18137
 
Steve, Great Post! As I read it, I saw that I was falling into these traps that you outlined. After some losing days during the past market decline, I find myself upping my trade amounts, holding losers "hoping" they will reverse and go back up, and selling winners quickly to take any profit - all the bad decisions that I KNOW are wrong.

Your post was right on, and from now on I will follow the original rules that were making me money before the recent decline.

P.S. Re: my questionaire to ztect. After numerous requests to appear on the Letterman show, write a book, and go on tour with this humour, I must tell you that I found this test on a another thread a while ago (author unknown), and just saved it for appropriate circumstances. If any one knows who made it up, please let me know so I can give them credit the next time I use it.
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